What happened to Imation?
The combined Imation, Memorex and TDK Life on Record brands made the company into a global market share leader in sales of CD-R and DVD media before that business was shut down in 2016. Imation changed its name to Glassbridge Enterprises on February 21, 2017.
Does Imation still exist?
Imation isn’t totally out of the tech game. It’s still a partial owner of Nexsan, a data-storage company based in California. Imation (NYSE: IMN) spun out of Maplewood-based 3M Co. in 1996.
When did 3M spin off Imation?
1996
(NYSE: MMM) spun off the business unit in 1996. Imation had more than $2 billion in annual revenue at the time and 9,900 employees, including 2,000 in Minnesota.
What is the meaning of Imation?
1. photographic film – photographic material consisting of a base of celluloid covered with a photographic emulsion; used to make negatives or transparencies.
Is Imation a good brand?
Imation brand is trusted by worldwide data storage professionals since 1996. It delivers innovation in a new generation of secure and scalable data protection and storage solutions, and it features high quality media to save your personal and professional requirements.
What do you need to know about Imation enterprises?
Imation Enterprises Corporation provides data storage and information security products and solutions. The Company offers products to store, manage, and protect digital content. Imation Enterprises serves the organizations and individuals in the United States. NO. OF EMPLOYEES
When did 3M spin off the Imation Corporation?
In the closing months of 1995, Minnesota’s 3M Corporation, one of the bluest of America’s blue-chip companies, announced that five of its businesses would be spun off the following year to form a new data storage and medical imaging company named Imation Corporation (from the words imaging, information, and imagination).
What was the reaction to the Imation plan?
Gallup pollsters canvassing the “Imation designees” on their reaction to the plan were greeted with such responses as “shocked,” “betrayed,” and “apprehensive,” and only 75 percent of 3M’s data storage and medical imaging workers eventually wound up in Imation cubicles.
What makes Imation a global data storage leader?
A global storage leader, Imation, supports your data storage with all three elements of compatibility, reliability and preservation.